00:00The conversation about pension reform also affects you.
00:03Do you know if the new system applies to you? Here's what you should keep in mind.
00:08What happened? On August 25, the Constitutional Court approved most of the
00:14Petro's government reform, but returned nine articles to the House of Representatives for
00:20that procedural flaws be corrected. The most crucial point is that on April 1st
00:24Colombia will launch its new pension system in 2027. Does the reform apply to you? To find out,
00:30The first thing you should do is check your work history on the Colpensiones website or on the
00:36Your pension fund's website. Download it and see how many weeks you have contributed. Based on that number,
00:42Add to that the number of weeks it will be able to contribute between now and April 1, 2027. That figure determines whether
00:49You enter the new system, or you remain in the transitional regime. That is, with the rules.
00:54Today, those of Law 100 of 1993. If you are a man and by April 1st of
01:00next year
01:01If you have 900 weeks of contributions or more, you remain in the previous system. Otherwise, welcome to the new one.
01:07system. And if she is female and at that date is 750 weeks or more, she remains under the current rules.
01:14But if it has fewer, it falls under the new pillar system. And here two clarifications are necessary.
01:20Important. First, the deadline for completing the necessary weeks to enter transition.
01:26It changed. Initially it was July 1, 2025, but now, after the Court's decision, it is
01:32April 1, 2027. So, I'll recalculate to be absolutely sure.
01:38Second, if you've already retired, nothing will change for you. Don't worry.
01:42What should you know if the reform applies to you? It's important to understand how the new system works.
01:47system. Or at least have some understanding of the new pension architecture.
01:51The reform eliminates competition between private pension funds and Colpensiones. It also seeks
01:57To increase coverage. Four pillars were created for this purpose. The solidarity pillar will provide approximately 230,000
02:04pesos for poor, elderly people who do not have a pension. The semi-contributory pension is for those
02:10They contributed for between 300 and 1,000 weeks. Previously, they received that money back. At Colpensiones, even without interest.
02:17But now the resources will be converted into a lifetime annuity.
02:21The contributory pillar represents a major change. So be aware. We will all be contributing to Colpensiones.
02:27up to 2.3 minimum wages, which is 4 million 27 thousand pesos this year. Anything earned above that
02:33The threshold goes to an administrator of the individual savings component, better known
02:39like ACAI. So, if you earn less than the threshold, you will only contribute to Colpensiones. But if you earn more,
02:44Part of the contributions will be made to Colpensiones and part to an ACAI. The fourth pillar is voluntary savings.
02:51For those who want to save extra for their pension. How do you find out your ACAI?
02:55Today there are five ACAIs. Four are from private funds and one is public, which is positive for insurance. If already
03:02If it was in a private pension fund, that's still its ACAI (Accountability and Insurance Account). If it was in Colpensiones (the public pension fund), it would have had to choose before.
03:08January 16, 2025. But if they didn't, one was assigned randomly. To find out
03:14To find out which one you were assigned, you can check the Single Registry of Affiliates or send a formal request to
03:21Ministry of Health. Anyway, if you don't like the ACAI, you can change it later.
03:26And if the pension reform does not apply to you, if you remain in the transitional regime,
03:30You have a choice. You can resign if the new rules suit you better. How can you really know?
03:37What's best for you? Your fund recommends seeking a second opinion. Also remember
03:43If you are more than 10 years away from retirement age, you can transfer between private funds and
03:48Colpensiones. Don't delay. Your pension is a very serious matter. Don't leave it to chance. From
03:53already,
03:54Learn about your pension plan and how it changes things for you. If you have any questions, ask your pension fund.
04:00or in Colpensiones. From the Economy section of El Espectador we will continue to explain all the
04:05Details of the reform, how it affects him, and if there are any updates in the Congress of the Republic. By
04:11For example, the Democratic Center will file a counter-reform. If you have any questions,
04:16Leave them in the comments and we'll be reading them.
04:30Thank you!
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